Scinai cost cuts: PwC to end; Ziv Haft proposed as auditor
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Scinai Immunotherapeutics reported governance and audit changes linked to cost-cutting. Prof. Avner Rotman and Dr. Morris Laster tendered resignations as directors, effective December 31, 2025, at the request of the Chairman and after consultation with major shareholders.
The Audit Committee recommended appointing Ziv Haft as independent registered public accounting firm for the fiscal year ending December 31, 2025 and until the next annual meeting, subject to shareholder approval. PwC’s engagement will conclude at the upcoming meeting. The company noted no disagreements and no reportable events with PwC for 2023 and 2024.
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FAQ
What board changes did SCNI disclose?
Prof. Avner Rotman and Dr. Morris Laster resigned as directors, effective December 31, 2025, in connection with cost-cutting measures.
Why are SCNI's directors resigning?
The resignations were requested by the Chairman and tied to recent cost-cutting measures after consultation with major shareholders.
What auditor change did SCNI propose?
The Audit Committee recommended appointing Ziv Haft as the independent registered public accounting firm for the fiscal year ending December 31, 2025, subject to shareholder approval.
When will PwC’s engagement with SCNI end?
PwC’s engagement will conclude at the end of the upcoming meeting of shareholders.
Did SCNI report any disagreements with PwC?
No. The company stated there were no disagreements and no reportable events with PwC for 2023 and 2024.
Does the filing include a PwC response letter?
Yes. PwC’s letter, dated November 13, 2025, is filed as Exhibit 99.1.